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Ovintiv
(NYSE:OVV)
Ovintiv (OVV) vs. SPDR S&P 500 ETF (SPY)
Ovintiv Business Overview & Revenue Model
Ovintiv Earnings Call Summary
Ovintiv Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.90B | 9.15B | 10.88B | 12.46B | 8.66B | 6.09B |
| Gross Profit | 4.78B | 4.98B | 5.90B | 6.88B | 4.22B | 2.71B |
| EBITDA | 2.88B | 4.05B | 4.69B | 4.98B | 2.77B | -3.52B |
| Net Income | 236.00M | 1.13B | 2.08B | 3.64B | 1.42B | -6.10B |
Balance Sheet | ||||||
| Total Assets | 19.39B | 19.25B | 19.99B | 15.06B | 14.05B | 14.47B |
| Cash, Cash Equivalents and Short-Term Investments | 25.00M | 42.00M | 3.00M | 5.00M | 195.00M | 10.00M |
| Total Debt | 6.43B | 6.29B | 6.68B | 4.49B | 5.78B | 8.01B |
| Total Liabilities | 9.15B | 8.92B | 9.62B | 7.37B | 8.98B | 10.63B |
| Stockholders Equity | 10.23B | 10.33B | 10.37B | 7.69B | 5.07B | 3.84B |
Cash Flow | ||||||
| Free Cash Flow | 1.49B | 1.42B | 1.42B | 2.04B | 1.61B | 159.00M |
| Operating Cash Flow | 3.72B | 3.72B | 4.17B | 3.87B | 3.13B | 1.90B |
| Investing Cash Flow | -2.45B | -2.46B | -5.52B | -1.79B | -525.00M | -1.86B |
| Financing Cash Flow | -1.31B | -1.23B | 1.36B | -2.27B | -2.42B | -206.00M |
Ovintiv Technical Analysis
Ovintiv Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $5.27B | 6.76 | 15.06% | 3.14% | 14.77% | -17.38% | |
77 Outperform | $11.70B | 12.82 | 8.58% | 4.27% | 7.55% | -34.40% | |
73 Outperform | $9.00B | 6.06 | 27.24% | 3.80% | 4.88% | -41.34% | |
71 Outperform | $8.03B | 14.05 | 14.18% | 1.00% | 23.88% | 20.55% | |
67 Neutral | $9.93B | 18.43 | 7.65% | ― | 17.05% | 1028.81% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
60 Neutral | $9.80B | 42.37 | 2.26% | 3.16% | -8.07% | -87.88% |
Ovintiv Corporate Events
On November 4, 2025, Ovintiv Inc., through its wholly owned subsidiary Ovintiv Canada ULC, entered into an Arrangement Agreement to acquire Alberta-based NuVista Energy Ltd. in a stock-and-cash deal to be implemented under the Business Corporations Act (Alberta), with closing targeted by the end of the first quarter of 2026. On December 22, 2025, NuVista began mailing its management information circular and proxy materials, which include unaudited pro forma operational data for Ovintiv as of and for the year ended December 31, 2024 and for the nine months ended September 30, 2025, as well as pro forma consolidated capitalization as of September 30, 2025, illustrating the reserves, production and capital structure of the combined company; Ovintiv also detailed how NuVista’s reserves have been adjusted to U.S. standards and highlighted that these pro forma figures are illustrative, subject to customary closing conditions and regulatory approvals, and carry material execution and integration risks that could affect the transaction’s realization and the anticipated benefits for stakeholders.
The most recent analyst rating on (OVV) stock is a Hold with a $39.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On December 15, 2025, Ovintiv Inc. announced a 12-year agreement with Pembina Pipeline Corporation for 0.5 million tonnes per annum of liquefaction capacity at the Cedar LNG facility. This agreement allows Ovintiv to export LNG from Canada’s west coast, offering a strategic advantage in accessing Asian markets and supporting global energy security and emissions reductions.
The most recent analyst rating on (OVV) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On December 10, 2025, Peter Dea announced his retirement from the Ovintiv Board of Directors, effective May 6, 2026, after serving since 2010 and as Chairman since 2020. Steven Nance, with extensive governance and M&A experience, has been elected as the new Chairman, expected to continue strong corporate governance and shareholder engagement.
The most recent analyst rating on (OVV) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On November 25, 2025, Ovintiv Inc. entered into a Two-Year Term Credit Agreement to secure a $1.2 billion term loan facility. This facility is intended to finance Ovintiv Canada’s acquisition of NuVista Energy Ltd. shares not already owned by Ovintiv Canada. The agreement includes customary covenants and conditions, with a maturity set for two years from the funding date, and interest rates contingent on Ovintiv’s credit ratings.
The most recent analyst rating on (OVV) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On November 4, 2025, Ovintiv Inc., along with its subsidiary Ovintiv Canada ULC, entered into an Arrangement Agreement to acquire NuVista Energy Ltd. in a stock-and-cash transaction. The acquisition, approved by both companies’ boards, involves Ovintiv Canada acquiring all NuVista’s common shares with options for shareholders to receive cash, Ovintiv stock, or a combination of both. The transaction is subject to customary closing conditions, including shareholder and regulatory approvals, and includes provisions for termination fees under certain circumstances.
The most recent analyst rating on (OVV) stock is a Hold with a $50.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On November 4, 2025, Ovintiv Inc. announced a definitive agreement to acquire NuVista Energy Ltd. in a stock-and-cash transaction valued at approximately $2.7 billion. This acquisition is expected to significantly enhance Ovintiv’s position in the Alberta Montney region by adding approximately 140,000 net acres and 100,000 barrels of oil equivalent per day to its portfolio. The transaction is anticipated to be immediately accretive across key financial metrics and generate annual synergies of about $100 million. Additionally, Ovintiv plans to divest its Anadarko assets by the end of 2026 to accelerate debt reduction, aiming to achieve a Non-GAAP Net Debt target of $4 billion, which will enable increased share buybacks.
The most recent analyst rating on (OVV) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.
On November 4, 2025, Ovintiv announced its third quarter financial and operating results, highlighting a cash flow of $895 million and a reduction in net debt by $126 million. The company increased its full-year production guidance while maintaining capital investment, reflecting strong operational performance. Ovintiv also declared a quarterly dividend of $0.30 per share payable on December 31, 2025, and received approval for its NCIB program, allowing the purchase of up to 22.3 million shares. The company’s strategic focus on operational excellence and capital efficiency is expected to enhance its market position and shareholder returns.
The most recent analyst rating on (OVV) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Ovintiv stock, see the OVV Stock Forecast page.